Horizon Petroleum Initiates Civil Works at Lachowice 7 Wellsite in Poland
Horizon Petroleum Ltd., headquartered in Calgary, has announced the commencement of civil works at the Lachowice 7 wellsite in Poland. This marks a significant milestone for the company as it prepares for the construction of a well pad that is crucial for its gas development initiatives. The initial phase involves constructing both the lease and access road. The activities will facilitate the setup for a workover rig expected to arrive in July, which will be essential for the reactivation of the Lachowice 7 well.
Horizon’s Chief Operating Officer, Roger McMechan, expressed satisfaction with the progress, noting that discussions are at an advanced stage to finalize a drilling rig contract for the well workover. The operations include re-entry and recompletion phases that are planned to kick off in July. With an eye on the future, the company is eager to share more details soon once the commercial aspects and availability of required services are secured.
The reactivation of the Lachowice 7 well is pivotal for Horizon Petroleum. The expected sales of gas and/or electricity from L7 are anticipated to yield the company's first cash flow. Moreover, the production from this well acts as a long-term testing ground for the naturally fractured Devonian limestone and dolomite reservoirs at Lachowice. The data collected during production will be invaluable in refining wellbore completion designs and optimizing the overall field development strategy.
In addition to immediate financial benefits, the commencement of gas production from Lachowice 7 aims to transition part of the company’s probable (2P) reserves into the proven developed reserves category, marking a notable achievement in Horizon's operational timeline.
Horizon has set ambitious targets, eyeing initial gas sales and cash flow from this early development phase by late in the first half of 2027. The company remains steadfast in its mission to enhance energy independence and security in Europe, focusing on the appraisal and development of conventional oil and natural gas resources.
Founded by seasoned industry professionals, Horizon Petroleum holds two concessions in Poland, which are home to significant undeveloped natural gas reserves. The company's initial efforts are directed towards the Lachowice gas field, located within the Bielska-Biala concession in southern Poland. The management team, backed by deep-rooted expertise in the oil and natural gas sector, is committed to driving the company's development activities forward.
Overall, Horizon Petroleum’s venture at the Lachowice 7 wellsite signifies a strategic advancement in its gas operation plans, potentially reshaping the landscape of natural gas supply in the region. Regular updates from the company are anticipated as they continue their preparations and approach key operational phases.
Horizon’s Chief Operating Officer, Roger McMechan, expressed satisfaction with the progress, noting that discussions are at an advanced stage to finalize a drilling rig contract for the well workover. The operations include re-entry and recompletion phases that are planned to kick off in July. With an eye on the future, the company is eager to share more details soon once the commercial aspects and availability of required services are secured.
The reactivation of the Lachowice 7 well is pivotal for Horizon Petroleum. The expected sales of gas and/or electricity from L7 are anticipated to yield the company's first cash flow. Moreover, the production from this well acts as a long-term testing ground for the naturally fractured Devonian limestone and dolomite reservoirs at Lachowice. The data collected during production will be invaluable in refining wellbore completion designs and optimizing the overall field development strategy.
In addition to immediate financial benefits, the commencement of gas production from Lachowice 7 aims to transition part of the company’s probable (2P) reserves into the proven developed reserves category, marking a notable achievement in Horizon's operational timeline.
Horizon has set ambitious targets, eyeing initial gas sales and cash flow from this early development phase by late in the first half of 2027. The company remains steadfast in its mission to enhance energy independence and security in Europe, focusing on the appraisal and development of conventional oil and natural gas resources.
Founded by seasoned industry professionals, Horizon Petroleum holds two concessions in Poland, which are home to significant undeveloped natural gas reserves. The company's initial efforts are directed towards the Lachowice gas field, located within the Bielska-Biala concession in southern Poland. The management team, backed by deep-rooted expertise in the oil and natural gas sector, is committed to driving the company's development activities forward.
Overall, Horizon Petroleum’s venture at the Lachowice 7 wellsite signifies a strategic advancement in its gas operation plans, potentially reshaping the landscape of natural gas supply in the region. Regular updates from the company are anticipated as they continue their preparations and approach key operational phases.
Topics Energy）
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